Suiball, a hardware wallet project for the Sui ecosystem, has announced its shutdown and says it will refund all pre-orders in USDC.
The project said the Sui Foundation decided it was too risky to support after a wave of hardware wallet attacks.
Why it matters
Hardware wallets are designed to keep cryptocurrency keys separate from internet-connected devices. The shutdown ends a planned wallet option for Sui users after security concerns prompted the foundation to withdraw support.
Market impact
Pre-order customers are set to receive refunds in USDC. The announcement does not specify a refund timetable.
Frequently asked questions
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How will Suiball refund pre-order customers?
Suiball says it will refund all pre-orders in USDC.
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Why did the Sui Foundation withdraw support for Suiball?
Suiball says the foundation decided the project was too risky to support after a wave of hardware wallet attacks.
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When will Suiball issue refunds?
The announcement did not specify a refund timetable.
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What was Suiball building for the Sui ecosystem?
Suiball was a hardware wallet project for Sui users.
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What role do hardware wallets serve?
Hardware wallets are designed to keep cryptocurrency keys separate from internet-connected devices.
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